moneypros   I   application   I   status login   I   programs   I   utilities   I   calculators   I   privacy  

   Online Application
  Check Loan Status
  Loan Programs
      a,b,c,d credit
      95% investment
      103% + financing
      lite documents
      100% financing
  Credit Information
      your credit record
      about credit scores
      maintaining credit
  Loan Resources
      check status
      pre-approval letters
      loan officers
      find an appraiser
      find an attorney
      find a realtor
      realtor resources
      mtg calculator
      rent vs buying
      glossary of terms
      tip of the week
      mortgage library
  Contact Us

guide to buying

Why Should I Buy?    How Much Can I Afford?    PreApprovals    Types Of Loans   
Shopping For A Home    Finding A Realtor    Negotiating    Closing The Deal

 Please print out this page and complete the sections marked as "your loan".

EXAMPLE

YOUR LOAN
a. Percentage of monthly incomes available for total mortgage payment (PITI): 28% 28%
b. Less: percentage for taxes and insurance: 4% 4%
c. Percentage available for principal and interest: 24% 24%
d. Monthly gross income (before taxes): $6,250 _______
e. Multiply rows c and d.  This is the amount of your monthly mortgage payment (P& I only): $1,500 _______
f. Percentage of monthly incomes available for total mortgage payment and other debts: 36% 36%
g. Less: percentage for taxes and insurance: 4% 4%
h. Percentage available for principal, interest, taxes and insurance payment (PITI): 32% 32%
i. Monthly income available for principal, interest and other debts (multiply rows d and h): $2,000 _______
j. Subtract the amount in row "e": $500 _______
k. This is the amount of your monthly non-mortgage debts payments: $1,550 _______

Click to continue